Thursday, May 03, 2012

“Harvard University and the Massachusetts Institute of Technology will team up on a $60 million initiative to offer free online, college-level courses under a joint superbrand known as edX, the universities said Wednesday.

The Harvard-MIT move - an altruistic giveaway, a potential research bonanza, and an audacious bet on the future of higher education all in one - instantly made the schools preeminent players in the burgeoning worldwide online education sector. The venture joins several major start-ups in recent months across the country.